Common use of Twenty-Five (25) or More Years Clause in Contracts

Twenty-Five (25) or More Years. If the employee has twenty-five (25) or more years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to eighteen (18) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus.

Twenty-Five (25) or More Years. If the employee has twenty-five (25) or more years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to eighteen (18) months months’ pay at the rate of pay the employee was earning at the time the position became redundant or surplus.